TOKYO--(EON: Enhanced Online News)--Toshiba Corporation (TOKYO:6502) today announced that its board of
directors, meeting today, has agreed upon a FY2017 investment program
for its wholly owned subsidiary, Toshiba Memory Corporation (TMC), that
will channel approximately 180 billion yen into Fab 6 at Yokkaichi
Operations, TMC’s Flash memory facility. The investment will cover
installation of manufacturing facilities in Phase-1 of the fab, and the
construction of Phase-2.

“Notice of
Construction of New Semiconductor Fabrication Facility.”

Production at Fab 6 will be entirely devoted to BiCS FLASH™, Toshiba's
innovative 3D Flash memory. As detailed in Toshiba’s February 9, 2017
announcement “Toshiba Starts Construction of Fab 6 and Memory R&D Center
at Yokkaichi, Japan”, Phase-1 of the fab is scheduled for completion in
summer 2018, and the current round of investment will ensure this target
date is met. Demand for Flash memory is expected to see continued strong
growth from data centers and enterprise servers, which will accelerate
demand for 3D Flash memories. This understanding guided the board in
making today’s decision.

The investment in Fab 6 will enable TMC to install manufacturing
equipment for 96-layer 3D Flash memories, including deposition and
etching equipment. In parallel with this, construction of Phase-2 of Fab
6 is scheduled to start in September this year, with a completion target
of the end of 2018. Specific production capabilities and schedules will
be aligned with market demand.

TMC has recently asked SanDisk, its partner in joint ventures for
investment in manufacturing equipment at TMC’s Yokkaichi Operations, to
clarify whether it intends to jointly invest in the Fab 6 facility. If
SanDisk does not agree to such joint investment, TMC will invest alone
in manufacturing equipment for separate TMC capacity.

The investment decided today is included in the three year investment
plan of 360 billion yen announced on March 17, 2016 “Notice of
Construction of New Semiconductor Fabrication Facility.”

About Toshiba

Founded in Tokyo in 1875, Toshiba Corporation is a Fortune Global 500
company that contributes to a better world and better lives with
innovative technologies in Energy, Infrastructure and Storage. Guided by
the philosophy of “Committed to People, Committed to the Future,”
Toshiba promotes operations through a global network of 551 consolidated
companies employing 188,000 people, with annual sales surpassing 5.6
trillion yen (US$50 billion; March 31, 2016).